(Adds quote, detail)
OSLO, Feb 9 (Reuters) - DNB , Norway's largest
bank, reported fourth-quarter profits far above expectations on
Thursday as rising interest rates helped lift income, and said
the Norwegian economy was resilient.
Net profit rose to 9.95 billion Norwegian crowns ($969.25
million) for the October-December quarter from 6.2 billion a
year earlier, while analysts on average had expected 7.6
billion, according to a poll compiled by the bank.
It proposed a dividend of 12.50 crowns per share for 2022,
compared to 9.75 crowns for the preceding year, while analysts'
mean forecast was for 10.82 crowns.
"DNB is well equipped for supporting personal customers
and businesses through uncertain times," the bank's Chief
Executive Officer Kjerstin Braathen said in a statement.
($1 = 10.2657 Norwegian crowns)
(Reporting by Victoria Klesty, editing by Terje Solsvik)
Messaging: victoria.klesty.thomsonreuters.com@reuters.net))
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